Shoot bullets in my wholesaling marketing strategy

[William Brown]

About to pull the trigger.

After a year of education, dabbling, and talking with hundreds of investors, wanna be investors, and sellers, I'm taking massive (imperfect) action. I'm a college student with a couple grand.

My plan is to use listsource to generate 1063 names/properties of 39-100% equity, age 50-99, and built before 1987. Then we ship those names over to REIskip.com to obtain phone numbers of the individual and relatives at $0.24 per name. We also plan on purchasing a multiple phone-dialer (calls three numbers at once and first to pick up I get connected to then calls others right back) to pore through the names. We plan on doing this multiple times, and calling the sellers once a week until we get deals, or a motivated seller. 

List: $214

Skiptrace: $255

Mojodialer: $150 per month

Total: $619

****will most likely do this every month with new zip codes

If you have money, spend it. If you have time, use it. I plan on calling for 2-3 hours everyday.

Any suggestions on how to do it a different or better way? 

[Nate Beucler]

I love that you are a college student with some hustle! My suggestion is this. BE CAREFUL! Research The TCPA (telephone consumer protection act). You can’t call a consumer with automated technology, unless you have express written consent. Many people break this rule, but just be warned the fines can be stiff and painful. You also need to be aware of the Fed DNC. Last I checked If the numbers you are calling are registered on the DNC the penalty can be 16k per violation. Some attorneys make a living fielding unsolicited marketing calls, and sending out demand letters for unsolicited marketing calls.

The only truly compliant way to do what you are looking to do is to scrub out the following.
Cell phones
State DNC
Fed DNC
You will be left with non dnc landline numbers. You can hand dial (no automated dialers) these numbers.

Like I said many people break the rules, but eventually all will call the wrong person, and pay the price.

Hope this is helpful.